Strategy co-founder Michael Saylor signaled an impending Bitcoin (BTC) purchase by the company amid the recent dip from the all-time high of $112,000 reached on May 22.
“I only buy Bitcoin with money I can’t afford to lose,” Saylor wrote to his 4.3 million followers in an X post.
The company’s most recent purchase of 7,390 BTC on May 19, valued at nearly $765 million, brought Strategy’s total holdings to 576,230 BTC.
If Strategy completes the acquisition on May 26, it will mark the company’s seventh consecutive week of Bitcoin purchases.
Strategy’s Bitcoin purchases over time and major metrics. Source: SaylorTracker
Strategy has become synonymous with Bitcoin, as the company continues stacking large amounts of BTC for its corporate treasury and inspiring other companies to pivot to a Bitcoin treasury plan, creating a sustained demand for the digital asset from institutional players and helping bolster the